I was thinking about renting an apartment and renting out my home. May sound crazy but no one is going to buy my home because of the neighborhood. I purchased a new construction home 7 years ago, now I want a better neighborhood and school system and I don't know what else to do! I knew all this when I purchased but I received so many incentives I overlooked these most important items, now I'm stuck. Financially what is most important?
No it is not deserted, I have older neighbors and live across the street from a rec center. There is alot of poverty in this area, it is much better then a couple of years ago, there a many projects that are going on to bring the neighborhood back, but is going to take time. When I purchased I was told about 5-10 years.
Pros and cons of buying vs apartment renting
Purple 1971 43 weeks 5 hours 19 min 58 sec ago
I was thinking about renting an apartment and renting out my home. May sound crazy but no one is going to buy my home because of the neighborhood. I purchased a new construction home 7 years ago, now I want a better neighborhood and school system and I don't know what else to do! I knew all this when I purchased but I received so many incentives I overlooked these most important items, now I'm stuck. Financially what is most important?
Is your neighborhood
MoneyNing 43 weeks 1 hour 41 min 38 sec ago
Is your neighborhood deserted? There are people living around there right? I think for the right price / incentive someone will buy.
No it is not deserted, I have
Purple 1971 42 weeks 5 days 10 hours 39 min ago
No it is not deserted, I have older neighbors and live across the street from a rec center. There is alot of poverty in this area, it is much better then a couple of years ago, there a many projects that are going on to bring the neighborhood back, but is going to take time. When I purchased I was told about 5-10 years.
But that's a good thing
MoneyNing 42 weeks 3 days 9 hours 35 min ago
If you can afford to wait another 5-10 years, you could be looking at profitable sale.